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Daily archive for March 28, 2013

Home → 2013 → March → 28th (Thursday)

Squeeze on platform margins – L&G buys Cofunds for £131m

On March 28, 2013   /   Cofunds, Fishtank, Jupiter, LGIM, M&A, Retail Distribution Review (RDR), Threadneedle  

L&G this week acquired the 75 per cent of Cofunds it did not already own for £131m following months of negotiations between the businesses. Cofunds is currently the largest platform in the UK with around £50bn in assets, and the deal values the platform at £175m (to be

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